By the end of today, October 20, 2023, Horizon Bancorp HBNC is set to deliver a dividend payout of $0.16 per share, equating to an annualized dividend yield of 6.06%. The company's dividend payout went ex-dividend on October 05, 2023, so only the investors that owned the stock prior to the ex-dividend date will receive this payout.
Horizon Bancorp Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-10-05 | 4 | $0.16 | 6.06% | 2023-09-19 | 2023-10-06 | 2023-10-20 |
| 2023-07-06 | 4 | $0.16 | 5.77% | 2023-06-20 | 2023-07-07 | 2023-07-21 |
| 2023-04-05 | 4 | $0.16 | 5.89% | 2023-03-21 | 2023-04-07 | 2023-04-21 |
| 2023-01-05 | 4 | $0.16 | 4.33% | 2022-12-20 | 2023-01-06 | 2023-01-20 |
| 2022-10-06 | 4 | $0.16 | 3.32% | 2022-09-20 | 2022-10-07 | 2022-10-21 |
| 2022-07-07 | 4 | $0.16 | 3.78% | 2022-06-24 | 2022-07-08 | 2022-07-22 |
| 2022-04-07 | 4 | $0.15 | 2.91% | 2022-03-17 | 2022-04-08 | 2022-04-22 |
| 2022-01-06 | 4 | $0.15 | 2.97% | 2021-12-21 | 2022-01-07 | 2022-01-21 |
| 2021-10-07 | 4 | $0.15 | 3.61% | 2021-09-22 | 2021-10-08 | 2021-10-22 |
| 2021-07-01 | 4 | $0.13 | 2.97% | 2021-06-22 | 2021-07-02 | 2021-07-16 |
| 2021-03-31 | 4 | $0.13 | 2.71% | 2021-03-17 | 2021-04-02 | 2021-04-16 |
| 2021-01-07 | 4 | $0.12 | 3.14% | 2020-12-15 | 2021-01-08 | 2021-01-22 |
Horizon Bancorp's dividend yield falls in the middle range when compared to its industry peers, with Washington Trust Bancorp WASH having the highest annualized dividend yield at 8.78%.
Analyzing Horizon Bancorp Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
As you can see, from 2019 to 2022, investors saw an average increase in the company's dividend per share, rising from $0.46 in 2019 to $0.63 in 2022. This is good for investors because it shows that the company has steadily returned more capital back to their shareholders and it could mean that they are planning to continue increasing dividends.
YoY Earnings Growth For Horizon Bancorp
The earnings chart above shows that from 2019 to 2022, Horizon Bancorp has experienced an increase in their earnings from $1.51 per share to $2.19 per share. This positive earnings trend is promising for income-seeking investors as it suggests that the company has more potential to increase its cash dividend payout if the trend continues.
Recap
In this article, we delve into Horizon Bancorp's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $0.16 per share today, resulting in an annualized dividend yield of 6.06%.
Horizon Bancorp's dividend yield falls in the middle range when compared to its industry peers, with Washington Trust Bancorp having the highest annualized dividend yield at 8.78%.
The increase in both dividend per share and earnings per share from 2019 to 2022 for Horizon Bancorp indicates a positive financial trend, suggesting their capacity to continue distributing profits to shareholders.
Investors are advised to closely monitor the company's performance in the upcoming quarters to stay informed about any fluctuations in financials or dividend disbursements.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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